Answer :
Wind and solar renewable energy technologies have seen substantial cost declines over the past decade. Between 2010 and 2019, the cost of utility-scale solar photovoltaics fell 82 percent, and the cost of onshore wind fell 39 percent.
Increased demand and procurement requires more of these technologies to be manufactured and developed, causing reduced costs due to learning and economies of scale, which increases the incentive for additional procurement. Factors affecting renewable energy deployment include market conditions, policy decisions, as well as specific regulations. Nearly all countries had renewable energy policy targets in place at the end of 2020. Businesses with sustainability goals are also driving renewable energy development by building their own facilities, procuring renewable electricity through power purchase agreements, and purchasing renewable energy certificates.
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